Tariff advocates perpetuate the myth that the state can solve economic problems by imposing artificial barriers.

Specific tariff rates are a protective tariff applied to a particular quantity of an imported good. For example, a country might impose a specific tariff of $5 on every pair of shoes imported from ...

President Donald Trump’s use of tariffs in his second term defies many historical norms, say economists and historians.

"A protective tariff increases the price of imported goods ... businesses and consumers in the form of increased prices. For example, if the U.S. government wants to protect American car ...

President Donald Trump’s use of tariffs in his second term defies many historical norms, say economists and historians.

Here’s how current events are mirroring a key point in U.S. history that led to a trade war and exacerbated the Great Depression, according to economists.

The Tariff Act of 1930, popularly known as the Smoot-Hawley Tariff, levied protective tariffs on about ... as a reciprocal bargaining chip. For example, before the U.S. annexed Hawaii, it signed ...